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2018 IMPROVEMENT BOND FUND
<br />DEPARTMENT:
<br />2018 Improvement Bond
<br />SUPERVISOR:
<br />Finance Officer
<br />FUND #:
<br />305
<br />ACTIVITY #:
<br />4700
<br />ACTIVITY DESCRIPTION:
<br />The 2018 Improvement Bonds were issued to finance the reconstruction of Scheuneman Road in the
<br />business district and to extend water and sanitary sewer in the area.
<br />GOALS:
<br />Pay debt payments on a timely basis as scheduled.
<br />MEASURABLE WORKLOAD DATA
<br />2019
<br />2020
<br />2021
<br />2022
<br />ACTUAL
<br />ACTUAL
<br />ACTUAL
<br />ESTIMATE
<br />Bond Principal Retired
<br />$0.00
<br />$30,000
<br />$36,000
<br />$40,000
<br />Bond Interest Paid
<br />$24,056
<br />$22,400
<br />$21,425
<br />$20,300
<br />Property Tax Levy
<br />Collected
<br />$571
<br />$3,911
<br />$8,574
<br />$7,510
<br />Special Assessments
<br />Collected
<br />$71,151
<br />$63,458
<br />$58,556
<br />$60,200
<br />DEBT PAYMENT SCHEDULE:
<br />JAN. 1 DEBT
<br />YEAR DUE OUTSTANDING
<br />PRINCIPAL DUE
<br />INTEREST DUE
<br />2022 $595,000.00
<br />$40,000.00
<br />$20,300.00
<br />2023 $555,000.00
<br />$40,000.00
<br />$19,100.00
<br />2024 $615,000.00
<br />$40,000.00
<br />$17,900.00
<br />2025 $475,000.00
<br />$40,000.00
<br />$16,700.00
<br />2026 $435,000.00
<br />$40,000.00
<br />$15,500.00
<br />2027 $395,000.00
<br />$45,000.00
<br />$14,226.00
<br />2028 $350,000.00
<br />$45,000.00
<br />$12,875.00
<br />2029 $305,000.00
<br />$45,000.00
<br />$11,300.00
<br />2030 $260,000.00
<br />$50,000.00
<br />$9,400.00
<br />2031 $210,000.00
<br />$60,000.00
<br />$7,400.00
<br />2032 $160,000.00
<br />$50,000.00
<br />$5,400.00
<br />2033 $110,000.00
<br />$55,000.00
<br />$3,300.00
<br />2034 $55,000.00
<br />$55,000.00
<br />$1,100.00
<br />38
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